According to the large transaction data in the past 12 hours, the net outflow of the main force reached $23.85 million, and the total selling amount was four times that of buying, indicating a clear intention to short. Especially two large market price sell orders exceeding $5 million directly suppressed the price, forming a strong bearish signal. Combined with the K-line pattern, the emergence of a 2-hour cycle top pattern and a flat top pattern further confirms the short-term downward pressure.
The current trading volume is extremely shrinking, and the KDJ indicator is converging in the overbought area, showing signs of weak rebound. Although the EMA moving average is still in a bullish position, we need to be cautious of the impact of large sell orders on the support level in the short term.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.